Gold Price Experts Greenlight To Buy Gold Coins and Bullion

Universal City, CA (Vocus) August 30, 2010

Gold price experts and financial advisers from all parts of the world have been crunching numbers and coming to the same conclusion that the price of gold will continue to go up. While opinions vary on how much, it is clear that the margins are large and that now is the time to buy gold bullion coins. China is leading the pack for countries who have started buying gold in large quantities and have even implemented a 10 year gold buying program.

An iInternal client note from Citibank has estimated gold could rise above $ 2000. Tom Fitzpatrick, the bank’s chief technical strategist has pointed out that China is boosting its gold reserves from 600 tonnes to nearer 4,000 tonnes to diversify away from fiat paper currencies like the US dollar. India, Japan and Korea have also started to encourage their citizens to personal acquire gold bullion coins to hedge against the global market.

Chief executive of Euro Pacific Capital, Peter Schiff, correctly predicted the Dot-Com bust of 1999-2000 and has been holding steady that gold will see $ 2,000 and is other expert to calculate a number of factors that point to a $ 5,000 figure. Investors impacted by the internet bubble have been paying close attention to market and are one of the groups diversifying in gold coins.

Peter Krauth, Contributing Editor for Money Morning has been educating others to compare the 1980 peak gold price at $ 850 and adjust it for inflation. That would take the price of gold to $ 2,400 in present-day terms. His research also points out the historical landmarks of gold in the 1970′s and has shown where gold would gain to $ 5000.

Philip Manduca, head of investment from ECU Group, told CNBC back in 2008 that the price of gold could go as high as $ 2,000 by end of 2010. He pointed out that America would see signs of a bounce back because of the stimulus package and optimism, however that currency debasement and inflation will still have to be recognized. While the accuracy of his prediction may not happen this year, experts do agree that his reasoning is valid and it’s just a matter of time.

Specialist at Regal Assets have been educating Americans looking to invest in gold to avoid the risks of electronic gold investment and actually take possession. Regal Assets allows theirs clients to order gold and silver and have it shipped direct to their home. They also have been diversifying retirement programs and transferring clients 401k into a Gold IRA where retirement plans are backed buy physical gold. Gold can be ordered over the phone at 1-888-700-9887 or online at

# # #

More Gold Reserves Press Releases

Tags: , , , , ,

Comments are closed.

CIGI Experts Outline Prescriptions for Cannes Summit and Beyond in Special Report on G20 Issues

Waterloo, Ont. (PRWEB) October 20, 2011 With a possible euro zone collapse and Greek insolvency likely to dominate the upcoming [...]

Pathways Home Health and Hospice Satu Johal Receives CFO of Year of the Year Award; Silicon Valley Business Journal Honoree

Sunnyvale, California (PRWEB) December 02, 2011 Satu Johal, CFO at Pathways Home Health & Hospice, received the Silicon Valley Business [...]

Latest Financial Regulation News

Working Together Towards Better Financial Regulation and Stability in Asia Image by Asian Development Bank Tellers attend to clients in [...]

European financial regulation – 4 questions to Olivier Garnier (Societe Generale)

Olivier Garnier, Chief economist at Societe Generale Group, expresses his view on European financial regulation and its reform. Video interview [...]

AMS Health Care Mortgage Corporation Provides Debt Service Savings to Hospitals Utilizing FHA 242 Mortgage Insurance Program

Jacksonville, FL (PRWEB) August 30, 2013 An oft-overlook and relatively unknown federal program for hospitals seeking capital for needed and [...]

Vermont’s Captive Insurance Industry Off to Best Start Since 2005

Montpelier, VT (PRWEB) April 16, 2012 First quarter licensure of new captive insurance companies is off to a strong start [...]